Mortgage rates plus all the latest real estate market news.

We’ll add more market news briefs throughout the day. Check back to read the latest.

U.S. Census Bureau’s November 2015 construction spending report:

  • Construction spending was at a seasonally adjusted rate of $1,122.5 billion.
  • This is 0.4 percent below the revised October 2015 estimate.
  • It’s also 10.5 percent above the November 2014 estimate.

Black Knight Financial Services’ October 2015 home price index:

  • The home price index for October 2015 was $254,000.
  • New York, Tennessee and Texas hit new peaks in October.
  • Connecticut saw the most negative monthly movement.

BKFS_HPI_Oct2015_US_hi_res

Mortgage rates:

[graphiq id=”b2w6fmfIyNL” title=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/b2w6fmfIyNL” link=”http://mortgage-lenders.credio.com” link_text=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]

[graphiq id=”2NvK9Bl9HIF” title=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/2NvK9Bl9HIF” link=”http://mortgage-lenders.credio.com” link_text=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]

 

Home equity rates:

[graphiq id=”kPkTJrAnX5r” title=”Average Home Equity Loan Bank Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/kPkTJrAnX5r” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Bank Rates by State | Credio”]

[graphiq id=”dP0v3iYOnH” title=”Average Home Equity Loan Credit Union Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/dP0v3iYOnH” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Credit Union Rates by State | Credio”]

 

Last week’s most recent market news:

National Association of Realtors’ Pending Home Sales Index for November 2015:

      • The pending home sales index declined by 0.9 percent to 106.9 in November.

 

 

    • This is 0.9 percent below October’s index but 2.7 percent above November 2014.

 

 

    • The November annual gain was the smallest since October 2014.

 

    First American’s Loan Application Defect Index for November 2015:

      • The defect index fell 1.3 percent month-over-month in November 2015.

 

 

    • The index fell 8.2 percent year-over-year in November 2015.

 

 

    • The defect index for refinance transactions was down 2.9 percent month-over-month, 10.7 percent year-over-year.

 

   

Federal Housing Finance Agency’s November 2015 mortgage index:

  • The national average contract mortgage rate for previously occupied homes was 3.85 percent, down from 3.89 percent in October.
  • The average interest rate on all mortgage loans was 3.86 percent, down from 3.90 percent in October.
  • The average loan amount for all mortgage loans was $319,800, up from $308,600 in October.
National Average Contract Mortgage Rate for Previously Occupied Homes Nov 2014 - Nov 2015

National Average Contract Mortgage Rate for Previously Occupied Homes Nov 2014 – Nov 2015

Freddie Mac’s Multi-Indicator Market Index (MiMi):

  • The national MiMi value stands at 81.9.
  • This is 0.59 percent up from September to October 2015.
  • This also indicates a 6.31 percent year-over-year increase.

Send market reports to press@inman.com.

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